St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-28

Prices for Wheat and Corn Were Shade
Easier at the Start on The
Chicago Board.
This was Despite the Fact That the
Foreign Grain Markeis Showed
Decided Advance.
BY Noon Business in tho Main PHI was
Almost at Stand-Stil and SO
Remained.
Transactions in the Financial Circles Of
Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, May 27.-There was no pressure
on the June option from the wheat clique
this morning. On the other hand the market
was apparently nursed along so as to encour-
age the exporters at the Seaboard and on the
other side, hut to discourage unnatural
shipments from markets not properly tribu-
tary 10 this. The cheek put on the advance
yesterday is Ineligible when i: is remem-
bered that Chicago ut % further advance
would have taken Il good deal of Duluth
wheat. That market to-day could not send
the best quality of Its wheat here for June
under PC per bushel loss. The receipts
were Il triile above the estimates there being
80 cars Of wheat. This is not extraordinary,
however. on market without Il carrying
charged within Il few days Of the May de
livery. The clique took little June wheat
at SSssc whenever it was offered, but were
apparently encouraging no advance. July
sold from S6Ss6g S6lsc. The gossip on
the floor said that the clique
houses had collected very large
sum from the clearing house this morn
ing. the total Icing several hundred thou
sand dollars. one check from enc finn was
for $4,000 There was a good deal of out
side news to-day and it looked both ways.
The receipts Of wheat at the primary mar
ketS have increased largely, the result, Of
course. of the active efforts Of the bears who
are shcewd and rich and full Of resources.
The estimated car lots of wheat at this mar
ket tomorrow are 800, and the receipts to-
day were large enough to show that the
wheat is being headed this way with energy.
There started from Minneapolis S0640
bushels evidently meant for this market.
The anticipation is, too that
THE VISIBLE SUPPLY
will re disappointing on Monday-pcrhaps
even show an increase. These are the re-
suits Of the concerted and energetic efforts
made during last week TO beat or discourage
the clique. The most important move, of
course. i the cut in rail rates by roads
which had plenty of ears. which is equivalent
TO letting III the shorts here ut just that much
under the market On the other hand, the
clearances Of wheat from New York were
500, coo bushels. and 24.5 from the other
Atlantic ports. From New Orleans there were
522 $50 bushels Of wheat reported exported,
an eXag2cUaticn. perhaps. a dispatch from
St. Louis to-day said that the first shipment
OF new wheat had arrived there. The dis
patch did not count for much. 1t came from
Nose Fraley. and the crowd set it down that
he was too much short on the market to
speak dispaSsionately about the new crop.
The clique did very little in the pit, save at
the opening. and just before the L O'Clock
close. Their early efforts were TO prevent an
advance in June above S9lic. They sold in
100000 bushel lots at that figure. Just be-
gore the regular close at l O'Clock. they bid
SSz4c for June. closing the market steady at
$3.50. The opinion is pretty general that
there will accumulate in the next week a
good many things TO make the outside bulls
discouraged-visible supply disappointments.
Tor 1ay nd 9TH ,.i,.
cumstanccs with like influence. Nobody
doubts. however. that the clique viii support
the june and the week over their advance
and collect from the shorts.
TBE ROUTINE REPORT.
CHICAGO. May 27.-Al;hough foreign grain
markets were high this morning. yet prices
for both wheat and corn were shade easier
al the start June wheat opened at SS5s
and Immediately sold down To SSl2. As the
session advanced the trading in wheat be
came lighter and lighter and around noon
business in The lit was almost at Il stdEdstin.
Orders from outside parties continue to come
in very slowly and the trading was almost eX-
Clusively between local traders The clique
were hafClg to be seen i'll the market and
their pc Icy at present appears TO be to let
The market take care of itself. June held
between SIS ard S9l2 the greater part Of the
session and July was unsteady around Sbl2cG1
SGSsG1 SG54c. During the afternoon session
JunC sold off 10 SSlsc, The closing price; July
closed al sol pa S65sc. Corn was quiet with
rather weak tendency during the first hour.
July OF cred Il fraction lower at Zoe. When
the estimate of $50 cars Of corn for tO-mOr-
row was received the market became still
weaker. and July scld down to 59s4c. This
condition continued through the remainder
of the day and July closed at 1850 1890.
Provisions started III very firm, although the
receipts IF hogs were 1000 more than OK
pected. July lard opened Disc higher ut
SG.12i2 and ribs 2i2c better at S7.32la. To
ward noon provisions became weaker and
III Tii SflI down II
to ST 7CG76.72l2. During the afternoon SEES
sion provisions continued weak. July lard
closed at s66TIs and July ribs at 80 22l2.
THS QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. = May, SS14e, closing at S1l2c;
June, $3.50. closing at SSlsc: July,
S6iic. closing at S6l2c; August, S5l4c, clos
ing al S4s4c Corn-No May 3sc, clos
ing at :7Isc; June, $3.50, closing at 3Sc;
July, Zoe, closing at 39s8c: August,
4il8c. closing at 407Se. Oats-No. May,
26c. closing at 2Jl2c: June, 26SSc, closing at
26e: July, 274c, closing at 27c; Au-
gust. 2G2sc. closing at 264c. Mess pork
per Dbl May, $23:75 closing at $23. 70;
June; S,5-73;; closing at $3.50. Lard
June. $500 closing at S6.55; July, $6.72l2,
closing at S6.61l2: August, SOS clos
ing al S6.71is. short ribs-per 100 lbs May
$40, closing at S7.12l2: June; $50,
ST22ls: August. $40, closing at S7.32l2
Cash quotations were as follows: Flour
SSGSSl4c: No. 2 spring wheat S0@S3c:
Mo- red, SSe. CorE-No. 2.3SG13Sl8c. Oats
No ,. 295s026c. Rye-No; 2. 55l2c. Bar
ley-No =. SIC. Flax seed-No. l, S1.14;
Prime timothy seed, S1.7G@1.77. Mess
pork. per bbl, ST. Lard, per 100 lbs, S6.57i2
0e6.6O. Short ribs sides, loose, S1.15@1
z.I1l2: dry salted shoulders, boxed, 50. GOO
$40: short clear sides. boxed. S7.6U@7. 90.
Whsky-Distillers' finished goods, per gal
S1.1O. Sugars-Cut loaf 63S@65sc; gran
ulated. 6$sc; standard A sac. Re-
ceipts-Flour 10000 bbls; wheat, no.
600 bu: corn, 10000 bu; oats, 1913, 900 bu :;
rye, 7,000 bu; barley. $1,000 bu. Ship
ments-Flour. 81 900 bbls: wheat, u, 600 bu ::
corn. 30. 600 bu; oats, $4,000 bu; rye,
5000 bu; barley. 5000 Blu. On the produce
exchange to-day the butter market was
lower and receipts large; creamery, IS
lnlGLac. dairN. llM16c. EGgS firm al ] g.